The commerce and industry ministry has said that foreign direct investment (FDI) equity inflow into the country (India) grew by 19 per cent to $59.64 billion during 2020-21 (FY21) as compared to $49.98 billion in 2019-20 on account of measures taken by the government on the fronts of policy reforms, investment facilitation and ease of doing business. Total FDI, including equity, re-invested earnings and capital, rose 10 per cent to the highest ever of $81.72 billion during 2020-21 as against $74.39 billion in 2019-20.
In terms of top investor countries, Singapore is at the top with 29 per cent share. It was followed by the US (23 per cent) and Mauritius (9 per cent) during the last fiscal. It added that the inflows are an endorsement of India's status as a preferred investment destination among global investors.
The computer software and hardware sector attracted the highest inflows with around 44 per cent share of the total FDI equity inflows. It was followed by construction (infrastructure) activities (13 per cent) and services sector (8 per cent), respectively. Gujarat is the top recipient state during 2020-21 with 37 per cent share of the total FDI equity inflows, followed by Maharashtra (27 per cent) and Karnataka (13 per cent).